The Fed will adjust the rate to make borrowing between banks more (or less) expensive to help fulfill their mission of promoting a healthy economy for the country. How does the federal funds rate ...

The Federal Reserve implemented its third consecutive rate cut of 2024 today (December 18), reducing its benchmark federal ...

The Fed announced its third straight rate cut this week, also signaling that additional reductions are likely in 2025. What ...

APY rates for new CDs normally adjust soon after Fed rate changes. However, CDs come with fixed rates, which means existing ... improving their profits. Lower Fed funds rates also decrease bond ...

The Federal Reserve rolled out its third rate cut of the year this week, a move that could impact the gold market.

The Federal Reserve's interest rate decisions can directly impact your wallet. So what’s better: high or low interest rates?

Here’s how the Fed’s latest move will impact your borrowing costs ...

This means the federal funds rate dropped to a 4.25% to 4.5% range. With this latest rate cut, interest rates have now declined by a full percentage point since September 2024. This is all well and ...

The Fed tweaked its long-run target for its benchmark interest rate to 3% from 2.9%, marking the first time it’s hit 3% since 2018. That’s what the Fed considers the “neutral rate of interest - one ...

The rate reversal is likely to be most disappointing for savers, who have benefited from juicier yields on everything from online savings accounts and certificates of deposit to money market funds.